Tax Services

We have been preparing tax returns of all types since 1965.  Heavy investment in the premier tax programs, technology, and research tools, and long experience with the same programs, enables us to tackle the complex returns that make up the majority of our tax practice with efficiency, effectiveness, and accuracy.

In addition to individual, corporation, partnership, and estate tax returns, many of which have complexities, we have many trust returns both simple and complex which require an in-depth knowledge of trust tax law.

We have a number of nonprofit organization returns, which are becoming increasingly more complex as the IRS enacts more rules and regulations in an attempt to punish what it considers improper behavior.

We recognize that the first line of defense against additional tax, penalties, and interest arising from an IRS audit starts with the legal, ethical, and professionally prepared return. We will resolve issues in favor of the client if there is sufficient authority to do so. As to audits of personal returns, we have had one in the last ten years, and that resulted in no change in either tax or taxable income.

Our practice is to disclose any issue, which in our opinion might cause the IRS to assess additional tax. This practice should eliminate any penalties for not following the rules and regulations, in the unlikely event that a particular return is selected for audit. In the one audit during the last ten years, such disclosure played no role in the decision of the IRS to audit.

We offer e-filing for all types of returns.

Tax Planning 

As wealth and income increase, the need for planning increases. Excellence in tax service begins before the tax filing deadline, before the business entity is chosen, before the transaction takes place, and before the will is drafted.

Every tax return and every financial planning situation is view as an opportunity to exclude or defer income, accelerate expenses, maximize depreciation, and increase or preserve wealth. This effort includes but is not limited to setting up retirement plans, maximizing various tax credits, minimizing the AMT tax, structuring entities and business transactions, estate planning, strategic tax-driven college planning, and use of various types of trusts.

We provide comprehensive and integrated service to corporations, partnerships, LLCs, individuals, estates, trusts, and nonprofit organizations. We constantly review the overwhelming statutory changes, judicial decisions, and administrative interpretations. We have over 40 years of experience assisting clients to comply with the ever-changing tax landscape and are dedicated to get the most tax breaks. 

We provide advice in many situations. We license the best, most expensive, state-of-the-art computer technology to perform time-devouring computations. We pour over many professional tax publications looking for the latest strategies and tax-saving techniques. We accumulate twice the required continuing education courses with leading tax authorities.

The tax planning area of financial planning is taken very seriously because of the significant potential opportunities to increase or preserve wealth.

How to save on taxes

Today’s tax law, regulations, rulings, and court decisions are voluminous enough to leave anyone novice unprepared to deal with the uncertainty, confusion, and fear.

Our job is convert the changes, new developments, and trends into tax planning strategies that can be employed before a tax year ends, not after.

We will work with you year-round to show you how minimize your tax burden.

For example, we will show you    

1)   How to set up a company tax-wise
2)   How closely-held businesses can beat the IRS legally
3)   How individuals can beat the IRS legally
4)   How to minimize taxes for the sole proprietorship business
5)   How the IRS can help you save for retirement
6)   How to choose the best retirement plan for your business
7)   How to maximize the retirement benefits for owners
8)   How to maximize fringe benefits
9)   How you should own the business vehicle
10) How to choose the vehicle with the heftiest tax savings
11) How to claim the domestic production activity credit
12) How cost segregation studies can increase deductions
13) How to allocate the purchase price of a business
14) How to qualify for the cash method of accounting
15) How to deduct business travel for the spouse
16) How a home-based business can beat the IRS legally
17) How to maximize depreciation
18) How to avoid the $25 deduction limit on gifts
19) How to exclude gain on both the principle residence and the second home
20) How to get tax-free treatment on real estate exchanges
21) How to get IRS to pay for some of the kid’s college expenses legally
22) How trusts can avoid state taxation
23) How to convert certain traditional IRAs to ROTH IRAs at little or no tax cost
24) How to best manage IRA rollovers
25) How to turn vacation trips into deductible business trips
26) How to avoid the kiddie tax
27) How to protect against the IRS classifying your business as a hobby
28) How to split income with your children legally
29) How to minimize dividend income from mutual funds
30) How to minimize estate taxes
31) How to maximize gift provisions in the law
32) How to value property in an estate
33) How to handle tax aspects of the death of a spouse
34) How to minimize the AMT

And many more